Customers work at AGI Bar in Beijing's in Zhongguancun district on August 9, 2026. Artificial intelligence users are shopping around as US giants face fierce competition from Chinese rivals -- and in Beijing's tech district, drinkers at an AI-themed bar can even plug in to DeepSeek for free. (Photo by Pedro Pardo / AFP via Getty Images) / To go with AFP story China-US-technology-AI-business, FOCUS by Luna Lin and Thomas Urbain

A board with the menu is seen at AGI Bar in Beijing's in Zhongguancun district on August 9, 2026. Artificial intelligence users are shopping around as US giants face fierce competition from Chinese rivals -- and in Beijing's tech district, drinkers at an AI-themed bar can even plug in to DeepSeek for free. (Photo by Pedro PARDO / AFP via Getty Images) / To go with AFP story China-US-technology-AI-business, FOCUS by Luna Lin and Thomas Urbain

Customers work at AGI Bar in Beijing's in Zhongguancun district on August 9, 2026. Artificial intelligence users are shopping around as US giants face fierce competition from Chinese rivals -- and in Beijing's tech district, drinkers at an AI-themed bar can even plug in to DeepSeek for free. (Photo by Pedro PARDO / AFP via Getty Images) / To go with AFP story China-US-technology-AI-business, FOCUS by Luna Lin and Thomas Urbain

Customers work at AGI Bar in Beijing's in Zhongguancun district on August 9, 2026. Artificial intelligence users are shopping around as US giants face fierce competition from Chinese rivals -- and in Beijing's tech district, drinkers at an AI-themed bar can even plug in to DeepSeek for free. (Photo by Pedro PARDO / AFP via Getty Images) / To go with AFP story China-US-technology-AI-business, FOCUS by Luna Lin and Thomas Urbain

A customer uses his phone in front of a board with the menu at AGI Bar in Beijing's in Zhongguancun district on August 9, 2026. Artificial intelligence users are shopping around as US giants face fierce competition from Chinese rivals -- and in Beijing's tech district, drinkers at an AI-themed bar can even plug in to DeepSeek for free. (Photo by Pedro PARDO / AFP via Getty Images) / To go with AFP story China-US-technology-AI-business, FOCUS by Luna Lin and Thomas Urbain

A customer works at AGI Bar in Beijing's in Zhongguancun district on August 9, 2026. Artificial intelligence users are shopping around as US giants face fierce competition from Chinese rivals -- and in Beijing's tech district, drinkers at an AI-themed bar can even plug in to DeepSeek for free. (Photo by Pedro PARDO / AFP via Getty Images) / To go with AFP story China-US-technology-AI-business, FOCUS by Luna Lin and Thomas Urbain

A customer looks at a board with the menu at AGI Bar in Beijing's in Zhongguancun district on August 9, 2026. Artificial intelligence users are shopping around as US giants face fierce competition from Chinese rivals -- and in Beijing's tech district, drinkers at an AI-themed bar can even plug in to DeepSeek for free. (Photo by Pedro PARDO / AFP via Getty Images) / To go with AFP story China-US-technology-AI-business, FOCUS by Luna Lin and Thomas Urbain

A pedestrian walks past a signage of the Indian financial technology company Pine Labs, displayed outside their office in Bengaluru on August 10, 2026. (Photo by Idrees MOHAMMED / AFP via Getty Images)